IPPs
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Federal cabinet okays eight IPPs settlement agreements
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Prime Minister Shehbaz Sharif chairs a federal cabinet meeting in Islamabad in this undated picture. — APP/File ISLAMABAD: Months after five independent power producers (IPPs) “voluntarily” agreed to cancel their power purchase agreements (PPAs) with the government, the federal cabinet…
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Electricity tariff cut on the horizon as contracts ended with five IPPs
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Energy Minister Awais Leghari addresses press conference in Islamabad, October 10, 2024. — Radio Pakistan ISLAMABAD: The federal government is aiming to cut the electricity tariff by up to Rs10 after the termination of power purchase agreement with five independent…
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Government cancelling contracts with 5 IPPs, says PM Shehbaz
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Prime Minister Shehbaz Sharif addressing the federal cabinet in Islamabad, on October 9, 2024. — Screengrab/Geo News The federal government has decided to terminate its contract with five independent power producers (IPPs) in the first phase, Prime Minister Shehbaz Sharif said…
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Five IPPs ‘voluntarily’ terminating contracts with govt, says PM Shehbaz
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Prime Minister Shehbaz Sharif addressing the federal cabinet in Islamabad, on October 9, 2024. — Screengrab/Geo News After extended deliberations with the authorities, the five independent power producers (IPPs) have agreed to cancel their power purchase agreements (PPAs) with the…
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‘Status quo can’t be maintained’: Energy minister confirms talks with IPPs to reduce power rates
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A worker of Peshawar Electric Supply Company (PESCO) climbs up a high-voltage pylon in Peshawar, August 7, 2017. — Reuters Confirming the coalition government’s efforts to renegotiate contracts with independent power producers (IPPs) to reduce “unsustainable” electricity tariffs, Energy Minister…
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Leghari rules out unilateral termination of IPPs contracts
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Federal Minister of Energy Sardar Awais Ahmad Khan Leghari. — APP/File Federal Minister for Power Awais Leghari has said that it is not possible for the government to unilaterally terminate agreements with the independent power producers (IPPs) as such a…
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IPPs not to blame for tariff hike: Leghari | The Express Tribune
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Federal Minister for Energy Awais Ahmed Khan Leghari has defended the independent power producers (IPPs), asserting that these private entities are not responsible for the rising cost of electricity in the country. “The IPP policy is not the cause of…
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Government mulls IPPs closure to reduce power tariffs | The Express Tribune
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Listen to article The federal government has initiated plans to reduce the current electricity tariffs through a series of proposals and measures, acknowledging the significant financial risks faced by the power sector. According to sources, the government is working on multiple strategies…
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FPCCI urges task force to hold IPPs accountable | The Express Tribune
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LAHORE: The Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Zaki Aijaz, expressed the nation’s anticipation of the task force on Independent Power Producers (IPPs) and Pakistan’s Power Sector Reforms to hold…
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Reforms to end reliance on IPPs | The Express Tribune
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ISLAMABAD: The energy ministry had embarked upon major reforms, including operationalisation of an energy exchange, which would allow the power plants to sell electricity to the buyer, Energy Minister Awais Leghari said on Wednesday. Leghari told the Senate Standing Committee…
